Hanhe Cable (SZSE: 002498) announced on May 9 that its "new-type key material" was approved by the National 863 Program.
It is a high-pressure insulating material, one of the six topics of the program and co-undertaken by the listed company and Hap Harbin Electric.
The 863 program has a total budget of CNY 151 million, including special funds of CNY 46.53 million. By the announcement, the company has received special funds of CNY 787,500.
Source:
http://www.sinocast.com/readbeatarticle.do?id=93330
